Wingstop

Wingstop rose about 65% in five weeks from $99 to $163 after an Elliott-wave analysis signaled the end of the downtrend and a three-part recovery. Recommended warrants reportedly delivered a price gain of 188%. Fundamentally, the recovery is supported by a 5.3% revenue increase to $185 million in the third quarter and a growing franchise system with more than 3,300 locations. Technical chart targets are cited at $225, $265 and, prospectively, $305. » More on deraktionaer.de

Wingstop shares closed at $110.36, marking a 52-week low — about 68% below the high of $342.10; market capitalization is roughly $3.02 billion and the stock is down about 67.18% year-to-date. In the second quarter, same-store sales in the domestic market fell 7.5% (consensus -4.8%) and revenue was $186 million versus $190 million expected, while earnings per share beat estimates thanks to lower SG&A and advertising expenses. Analysts cut price targets (Benchmark 285→245, DA Davidson 200→190) and Bernstein downgraded to Market Perform; InvestingPro rates the stock as undervalued at the current level. » More on de.investing.com

The stock of Wingstop fell to a 52-week low of $116.28 and is currently trading just above that at $116.39, with a market capitalization of $3.18 billion. Over the past year the stock has lost 64.66%, and 52.91% over six months, and 22 analysts have lowered their earnings forecasts. For Q2, Wingstop reported a same-store sales decline in its home market of 7.5% and quarterly revenue of $186 million, missing consensus expectations but beating estimates on earnings per share. Analysts adjusted ratings and price targets in various ways, while InvestingPro continues to consider the stock undervalued relative to its fair value. » More on de.investing.com

Bernstein cut its recommendation for Wingstop from “Outperform” to “Market Perform” and set a $155 price target after saying it sees no near-term catalyst for a premium valuation. Wingstop reported adjusted Q2 EPS of $1.18, beating estimates, but missed revenue expectations as weaker same-store sales weighed on revenue. Management trimmed its full-year same-store sales guidance in the U.S. to -4% to -6%, citing macroeconomic uncertainty and lower consumer spending. After the results, several other analysts also lowered their price targets and the stock traded weaker premarket while the broader market gained. » More on de.investing.com

Wingstop shares gained about 4.9% in pre-market trading after the company reported adjusted earnings per share of $1.18 for the second quarter, beating the consensus expectation of $1.03. Revenue of $185.6 million fell short of the roughly $191 million expected, but the earnings beat and high short interest drove the price reaction. The stock had lost more than 40% year-to-date and was trading near its 52-week low; analysts on average maintain a price target well above the current level, suggesting a possible stabilization in same-store sales. » More on de.investing.com